AZ SB1020

Reduces qualifying party experience requirement from 4 years to 2 years of practical or management trade experience within the last 20 years for contractor license applicants.

Extends the waiver period for work experience documentation from 5 years to 10 years for qualifying parties who previously held the same license classification in Arizona.

Reduces surety bond and cash deposit requirements across multiple contractor classifications and volume tiers, with amounts ranging from $1,000 to $170,000 depending on contractor type and estimated annual construction volume.

Changes language throughout the statute from "more than" to "at least" when describing construction work volume thresholds for bond amount determinations.

Makes technical corrections including pronoun updates from "he/him" to "the person" and modifies bond renewal language to clarify licensing requirements.